Get Real Answers from Customers for Effective Segmentation - Modern Distribution Management

Log In

Get Real Answers from Customers for Effective Segmentation

Some of what is most important to a customer goes beyond price
Author
Date

Mike Marks, managing partner of Indian River Consulting Group, was recently asked how to get "real answers" from customers to aid in segmentation for a more effective industrial sales process.

He answered that it's not about the questions you ask. It's about "really listening."

"The problem we find is that a lot of distributors have selective hearing," he said. And some of what is most important to a customer goes beyond price.

"Because of the business they are in, they may want things invoiced and packaged a certain way," Marks said. "They may want the ability to return tons of things on a regular basis because of what they're doing. They may want to be on the bleeding edge of technology in terms of product innovation and design. They may just want a simple transaction. They don't want any drama. They want a low price, and they want it to be very reliable."

Get beyond the answers many customers give: "It's because of the service," or "because of Jimmy Joe Bob or Mary Sue." When you do that, you will start to pick up on recurring themes, and those themes will help determine customer segments.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.